Energean (LON:ENOG) Stock Price Down 4% – Time to Sell?

Shares of Energean plc (LON:ENOG) dropped 4% during trading on Tuesday . The company traded as low as GBX 969 ($12.40) and last traded at GBX 971.50 ($12.43). Approximately 225,334 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 689,028 shares. The stock had previously closed at GBX 1,012 ($12.95).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered Energean to a “hold” rating and dropped their target price for the stock from GBX 1,175 ($15.03) to GBX 1,045 ($13.37) in a research report on Thursday, December 5th.

Energean Trading Down 4.0 %

The company has a 50 day moving average of GBX 1,009.46 and a 200 day moving average of GBX 973.81. The firm has a market cap of £2.25 billion, a P/E ratio of 17.64 and a beta of 0.85. The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31.

About Energean

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license.